Item 8. Financial Statements and Supplementary Data
Item
8. Financial Statements and Supplementary Data (Unaudited)
Quarterly
Income Statements
Year
Ended December 31, 2024
Three months ended
Year ended
March 31
June 30
September 30
December 31
December 31
(Amounts in 000’s of US$, except for Share and per Share data)
EXPENSES
Sponsor’s Fee
$ 1,176
$ 1,446
$ 1,561
$ 1,702
$ 5,885
Less: Waiver of Sponsor’s Fee (Note 2.7)
(392 )
(482 )
(520 )
(568 )
(1,962 )
Total expenses
784
964
1,041
$ 1,134
$ 3,923
Net investment loss
(784 )
(964 )
(1,041 )
(1,134 )
(3,923 )
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized (loss) / gain on silver transferred to pay expenses
49
180
253
330
812
Realized (loss) / gain on silver distributed for the redemption of Shares
561
1,314
8,463
40,012
50,350
Change in unrealized gain and loss on investment in silver
32,638
215,116
72,120
(151,873 )
168,001
Total (loss) / gain on investment in silver
33,248
216,610
80,836
(111,531 )
219,163
Change in net assets from operations
$ 32,464
$ 215,646
$ 79,795
$ (112,665 )
$ 215,240
Net increase / (decrease) in net assets per Share
$ 0.69
$ 4.58
$ 1.65
$ (2.22 )
$ 4.46
Weighted average number of Shares
46,817,033
47,076,374
48,248,370
50,767,391
48,234,290
40
Year
Ended December 31, 2023
Three months ended
Year ended
March 31
June 30
September 30
December 31
December 31
(Amounts in 000’s of US$, except for Share and per Share data)
EXPENSES
Sponsor’s Fee
$ 1,192
$ 1,233
$ 1,253
$ 1,193
$ 4,871
Less: Waiver of Sponsor’s Fee (Note 2.7)
(397 )
(411 )
(418 )
(398 )
(1,624 )
Total expenses
795
822
835
$ 795
$ 3,247
Net investment loss
(795 )
(822 )
(835 )
(795 )
(3,247 )
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized (loss) / gain on silver transferred to pay expenses
61
73
69
49
252
Realized (loss) / gain on silver distributed for the redemption of Shares
2,811
2,404
2,741
2,695
10,651
Change in unrealized gain and loss on investment in silver
(5,448 )
(71,724 )
25,735
30,399
(21,038 )
Total (loss) / gain on investment in sliver
(2,576 )
(69,247 )
28,545
33,143
(10,135 )
Change in net assets from operations
$ (3,371 )
$ (70,069 )
$ 27,710
$ 32,348
$ (13,382 )
Net increase / (decrease) in net assets per Share
$ (0.07 )
$ (1.42 )
$ 0.57
$ 0.69
$ (0.28 )
Weighted average number of Shares
48,033,889
49,348,352
48,246,196
46,977,174
48,148,767
Note:
Quarterly balances may not add to totals due to independent rounding.
The
financial statements required by Regulation S-X, together with the report of the Trust’s independent registered public accounting
firm appear on pages F-1 to F-13 of this filing.
41
Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.